Home / Financial Report / Carlyle Group Reduces Booz Allen Ownership Stake to 11.3%

Carlyle Group Reduces Booz Allen Ownership Stake to 11.3%

BoozAllenLogoThe Carlyle Group (Nasdaq: CG) has cut its ownership stake in Booz Allen Hamilton (NYSE: BAH) to 11.3 percent after the private equity firm sold 13 million shares to Morgan Stanley & Co. for $377.13 million.

Booz Allen said Monday the transaction is valued at $29.01 per share and the sale will close by May 27.

Morgan Stanley will offer the 13 million shares of Class A common stock to the public at a fixed price, according to Booz Allen.

Carlyle Group last reduced its Booz Allen stake to 20 percent in November through a sale of 13 million shares to Credit Suisse.

Booz Allen reached a 52-week high of $31.24.

Shares in Booz Allen have declined 5.96 percent since the start of the year and have risen 15.53 percent over 12 months.

Check Also

Akima to Help Secure Air Force Engineering Dev’t Complex Under Potential $153M Contract

An Akima subsidiary has won a potential $152.9M to help the U.S. Air Force manage and secure operations at the Arnold Engineering Development Complex in Tennessee. Akima Intra-Data will provide test and industrial security services and support command, control, and communication functions in the facility located at Arnold AF Base, the Department of Defense said Tuesday.

Applied Research Associates Wins $240M Contract to Support DTRA’s Counter-WMD Operations

Applied Research Associates has won a potential 10-year, $240M contract to provide operational support tools to aid the Defense Threat Reduction Agency in countering risks from weapons of mass destruction.